JamesDoe:

The above has been going on for at least the last 5 years,

GEJ has been in power for two of those five years and the number two man for three of those years.

Apart from the removal of "subsidy", his roadmap is still unclear. The govt should sell the refineries to competent third parties, privatise NNPC (retain a strategic minority stake) and incentivise the private sector,

Subsidy has been going on for only 5 years?
Wetin pesin no go hear for dis NL!
The above post is so ridiculous that it is almost impossible not to laugh out loud! Did IBB and Abacha rule in the last 5 years?

Best watch quietly from the sidelines, than say things that show you in unflattering light.

Beaf:

Dude, first of all, thanks for that illuminating post.
[b]The removal of the subsidy is not just about the govt ceasing to pay importers. It is about complete overhauling and deregulation, so nobody is expected to be able to export crude, only to reimport it, smuggle it Cotonou and get 100% paid for the evil effort by the FG. [/b]The whole system is changing and the bloodsuckers are getting swept away. I imagine that new rules would mean each importer having to reapply. . . You know the drill!

Thanks for your reply but beaf you have not answered my question.

Deregulation and removal of fuel subsidy is playing into the hands of the export and I am sure they would be grateful to GEJ for doing so.

Beaf, the FG would still be expecting these companies to be exporting so as to cover the a55es of NNPC and there incompetency. The worse case scenario would be the exporters out of work/business and NNPC exporting it through these same people. Thus back to square one.

Exportation of refined imported fuel from Nigeria to benin republic and co only gives a small % of the profit these people are making.

The major profit comes from NNPC and the money it gives them.

How much liters are they exporting to cotoune ? compare to imported one ?

My advice for GEJ is this.

1. Use a year or 2 to build a well structured refinery in such a way it produces fuel 24/7 at steady state. This refinary should be as big as 2 local governments and should be located in Balysea.

2.  Make sure this refinery can produce 80-90 % of our fuel consumption every year at 70% capacity.

3. This would put the importers out of business.

4. There would not be hauling of fuel on the ship again thus no exportation to cotouno and co

5. The money realised from the savings could then be used to maintain the refinery with ease.

6. The gas can be used for electricity instead of the usual gas flaring that occur.

thus employment on a massive scale has been achieved as well.

Just my thought.

funny siverbird television is considering giving ty danjuma an award as personality of the year.

NNPC has been clamoring for the PIB. The fault is not NNPC's. Government officials are the ones that are responsible for the state of the refineries and until we get a leader that will stand up against this things will continue this way.